(DG) Vinci S.A. - Overview
Stock: Concessions, Energy, Construction
Dividends
| Dividend Yield | 4.02% |
| Yield on Cost 5y | 6.57% |
| Yield CAGR 5y | 15.28% |
| Payout Consistency | 90.5% |
| Payout Ratio | 57.2% |
| Risk 5d forecast | |
|---|---|
| Volatility | 34.6% |
| Relative Tail Risk | -1.56% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.10 |
| Alpha | 25.04 |
| Character TTM | |
|---|---|
| Beta | 0.152 |
| Beta Downside | 0.102 |
| Drawdowns 3y | |
|---|---|
| Max DD | 15.85% |
| CAGR/Max DD | 0.77 |
Description: DG Vinci S.A. January 27, 2026
Vinci SA (ticker DG) operates three core divisions: Concessions (motorways, airports, rail and stadium assets), Energy (industrial services, renewable-energy development and EPC projects) and Construction (general contracting, civil-engineering, nuclear and property development). The group, founded in 1899 and based in Nanterre, France, generates the majority of its cash flow from long-term concession contracts, while the Energy and Construction arms provide higher-growth, higher-risk exposure to the green-transition and digital-infrastructure markets.
According to Vinci’s 2023 annual report and the Q3-2024 interim update, total revenue reached €57.5 billion, with an order-backlog of €28 billion-about 48 % of FY-23 sales-indicating a solid pipeline. Segment-level revenue was roughly 55 % Concessions, 22 % Energy and 23 % Construction, and the consolidated EBITDA margin stood at 8.5 % (up from 7.9 % in 2022) driven by higher margin renewable-energy contracts (+ 150 MW of solar and wind capacity added in 2023). Key macro drivers include the EU’s €1.1 trillion “NextGenerationEU” infrastructure plan, French government commitments to expand the motorway network by 3 % annually, and accelerating corporate demand for decarbonisation services, all of which support Vinci’s growth outlook but also expose the firm to policy-risk and interest-rate volatility.
For a data-rich, model-ready deep-dive on Vinci’s valuation sensitivities, you may find the ValueRay platform a useful next step.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income: 9.37b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 8.32 > 1.0 |
| NWC/Revenue: -6.73% < 20% (prev -6.77%; Δ 0.04% < -1%) |
| CFO/TA 0.17 > 3% & CFO 22.68b > Net Income 9.37b |
| Net Debt (27.55b) to EBITDA (24.04b): 1.15 < 3 |
| Current Ratio: 0.83 > 1.5 & < 3 |
| Outstanding Shares: last quarter (567.6m) vs 12m ago -0.80% < -2% |
| Gross Margin: 16.01% > 18% (prev 0.21%; Δ 1580 % > 0.5%) |
| Asset Turnover: 118.4% > 50% (prev 71.66%; Δ 46.76% > 0%) |
| Interest Coverage Ratio: 6.32 > 6 (EBITDA TTM 24.04b / Interest Expense TTM 2.67b) |
Altman Z'' 0.66
| A: -0.07 (Total Current Assets 48.38b - Total Current Liabilities 58.14b) / Total Assets 130.44b |
| B: 0.01 (Retained Earnings 1.90b / Total Assets 130.44b) |
| C: 0.14 (EBIT TTM 16.84b / Avg Total Assets 122.55b) |
| D: 0.17 (Book Value of Equity 16.42b / Total Liabilities 98.03b) |
| Altman-Z'' Score: 0.66 = B |
Beneish M -2.65
| DSRI: 0.57 (Receivables 20.45b/20.31b, Revenue 145.12b/82.17b) |
| GMI: 1.34 (GM 16.01% / 21.43%) |
| AQI: 0.96 (AQ_t 0.51 / AQ_t-1 0.53) |
| SGI: 1.77 (Revenue 145.12b / 82.17b) |
| TATA: -0.10 (NI 9.37b - CFO 22.68b) / TA 130.44b) |
| Beneish M-Score: -2.65 (Cap -4..+1) = A |
What is the price of DG shares?
Over the past week, the price has changed by +10.77%, over one month by +11.46%, over three months by +15.24% and over the past year by +30.35%.
Is DG a buy, sell or hold?
What are the forecasts/targets for the DG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 135.7 | 1.1% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 153.4 | 14.3% |
DG Fundamental Data Overview February 03, 2026
P/E Trailing = 14.5788
P/E Forward = 13.089
P/S = 0.9125
P/B = 2.3283
P/EG = 2.7866
Revenue TTM = 145.12b EUR
EBIT TTM = 16.84b EUR
EBITDA TTM = 24.04b EUR
Long Term Debt = 28.76b EUR (from longTermDebt, last quarter)
Short Term Debt = 11.02b EUR (from shortTermDebt, last quarter)
Debt = 42.62b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 27.55b EUR (from netDebt column, last quarter)
Enterprise Value = 93.72b EUR (67.27b + Debt 42.62b - CCE 16.18b)
Interest Coverage Ratio = 6.32 (Ebit TTM 16.84b / Interest Expense TTM 2.67b)
EV/FCF = 5.68x (Enterprise Value 93.72b / FCF TTM 16.51b)
FCF Yield = 17.62% (FCF TTM 16.51b / Enterprise Value 93.72b)
FCF Margin = 11.38% (FCF TTM 16.51b / Revenue TTM 145.12b)
Net Margin = 6.46% (Net Income TTM 9.37b / Revenue TTM 145.12b)
Gross Margin = 16.01% ((Revenue TTM 145.12b - Cost of Revenue TTM 121.88b) / Revenue TTM)
Gross Margin QoQ = 13.80% (prev 21.51%)
Tobins Q-Ratio = 0.72 (Enterprise Value 93.72b / Total Assets 130.44b)
Interest Expense / Debt = 1.64% (Interest Expense 699.0m / Debt 42.62b)
Taxrate = 37.64% (1.24b / 3.29b)
NOPAT = 10.50b (EBIT 16.84b * (1 - 37.64%))
Current Ratio = 0.83 (Total Current Assets 48.38b / Total Current Liabilities 58.14b)
Debt / Equity = 1.49 (Debt 42.62b / totalStockholderEquity, last quarter 28.61b)
Debt / EBITDA = 1.15 (Net Debt 27.55b / EBITDA 24.04b)
Debt / FCF = 1.67 (Net Debt 27.55b / FCF TTM 16.51b)
Total Stockholder Equity = 28.82b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.65% (Net Income 9.37b / Total Assets 130.44b)
RoE = 32.52% (Net Income TTM 9.37b / Total Stockholder Equity 28.82b)
RoCE = 29.25% (EBIT 16.84b / Capital Employed (Equity 28.82b + L.T.Debt 28.76b))
RoIC = 16.89% (NOPAT 10.50b / Invested Capital 62.17b)
WACC = 4.36% (E(67.27b)/V(109.90b) * Re(6.48%) + D(42.62b)/V(109.90b) * Rd(1.64%) * (1-Tc(0.38)))
Discount Rate = 6.48% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -0.85%
[DCF Debug] Terminal Value 88.43% ; FCFF base≈11.89b ; Y1≈14.67b ; Y5≈24.99b
Fair Price DCF = 1262 (EV 727.70b - Net Debt 27.55b = Equity 700.15b / Shares 554.7m; r=5.90% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: -0.62 | EPS CAGR: -47.13% | SUE: 0.0 | # QB: 0
Revenue Correlation: 60.37 | Revenue CAGR: 13.08% | SUE: 1.19 | # QB: 1
EPS next Year (2026-12-31): EPS=9.38 | Chg30d=-0.117 | Revisions Net=-8 | Growth EPS=+10.3% | Growth Revenue=+2.7%